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OC, Engie, Toyota inaugurate 262.5 MW Ras Ghareb wind farm
08. December 2019
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Orascom Construction, Engie and Toyota have inaugurated their 262.5 MW Ras Ghareb wind farm after beginning commercial operations in October, Engie said in a press release. Ras Ghareb is Egypt’s first private wind farm and is the first in the country to run under a build-own-operate (BOO) framework. Total investment in the project is approximately USD 380 mn, with Engie and Toyota each taking a 40% stake and Orascom Construction holding the remainder. The consortium has secured a 20-year power purchase agreement (PPA) under which it will supply power to the Egyptian Electricity Transmission Company.;'